The looming disasters have two things in common. They are the work of government-controlled and politically manipulated Crown corporations. They are also the product of a deliberate push to produce clean, green and renewable carbon-free electricity…
That’s a quote from from an article last week by Terence Corcoran, an Ontario based National Post columnist.
Corcoran has years of experience writing from a right-wing point of view about business affairs. In Boondoggle: How Ontario’s pursuit of renewable energy broke the province’s electricity system, Corcoran examined a proponent’s views on the impacts of Ontario Liberal power policies:
…Asked whether the plan might lead to higher prices for consumers, “No,” said Dr. [Rick] Smith…“No. Not at all.”
[Environmental Defence Canada Executive Director] Smith was absolutely sure that Ontario’s campaign to become the North American leader in renewable energy would not be a burden on consumers. He had the facts, the study, and the numbers. Renewable is doable. “We’ve done some modelling on this and we’re talking a penny’s increase to your average person’s electricity bill,” he said. “Ontarians won’t even notice any impact on their electricity rates.”
The penny that nobody would notice on their bills has morphed into hundreds of dollars a year, in some cases a month, to the point where the premier of the province can’t mention the word “hydro” without getting booed…”
In the October 2016 article, Corcoran doesn’t mention British Columbia but in his recent piece, Canada’s green electricity bailouts make the Bombardier giveaway look like peanuts, Corcoran gives a cursory wave to the Site C dam and BC Hydro’s rapidly growing debt.
Not a word though about $10 billion paid to BC’s Independent Power Producers, most of it at 2x or 3x market value. Or the almost $60 billion to be paid to IPPs over the next few decades. (IPP deals impose an obligation of about $40,000 on each family in the province and the amount will grow because the contracts include inflation escalators.)
We know British Columbia’s major newspapers won’t tolerate a full and open discussion about electricity boondoggles that will be emptying western pockets long after many of us are departed.
Corcoran apparently lacks knowledge of the many disastrous energy decisions made by BC Liberals, but he did quote former Liberal Roger Grimes about the Muskrat Falls hydro power project now under construction. That installation began as a $6 billion project. Its cost is now almost $12 billion and growing. According to the former NL Premier, Muskrat Falls:
“will haunt all of us, unfortunately, for the rest of my life, my daughter’s life, my granddaughter’s life even.”
Voters in BC ought to pay close attention to the fact that Liberals are a common factor of boondoggles in Newfoundland, Ontario and British Columbia. One of the commonalities is BC Liberal Executive Director Laura Miller, who still faces charges in Ontario related to her work in Dalton McGuinty’s government.